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1271 S Sycamore Avenue, Los Angeles, California 90019, Los Angeles, 90019 - bed, bath

1271 S Sycamore Avenue, Los Angeles, California 90019 home-pic-0
ACTIVE$2,195,000
1271 S Sycamore Avenue, Los Angeles, California 90019
0Bed
0Bath
3,633Sqft
6,405Lot
Year Built
1926
Close
-
List price
$2.19M
Original List price
$2.29M
Price/Sqft
$604
HOA
-
Days on market
-
Sold On
-
MLS number
SB25100822
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.19M(92th), sqft - 3633(50th), beds - undefined(50th), baths - undefined(50th).

1271 S Sycamore Ave is a brand new remodeled 4plex located in the Mid-Wilshire pocket of Los Angeles. All units feature new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and washer/dryer in units. Beneficial to the new owner, the roof and plumbing is also new, offering extremely low maintenance. One of the 3Bed/2Bath units will be DELIVERED VACANT, ideal for owner/user! The unit mix is comprised of (2) 3Bed/2Bath and (2) 2Bed/1Bath units with an opportunity to add an ADU for additional income. Two 3Bed/2Bath units are located in the front, and (2) 2Bed/2Bath units are located in the rear. There are 4 private garages with storage space and room for guests to park their vehicles in front of the garages. The subject property is conveniently located in between Mid-Wilshire, Culver City and Downtown LA. This is the ideal situation for an owner/user or tenant looking to benefit from all the beautiful amenities Los Angeles has to offer. OM in supplements.

Price History

Date
Event
Price
10/12/17
Sold
$2,080,000
08/10/16
Sold
$1,550,000
05/02/16
Sold
$1,100,000
11/21/13
Sold
$851,000
Condition Rating
Excellent
Despite being built in 1926, the property has undergone a 'brand new remodel' with all units featuring new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and in-unit washer/dryers. The roof and plumbing are also new. The images confirm a contemporary, high-quality finish throughout, including modern kitchens and bathrooms, aligning perfectly with the 'Excellent' criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Extensive Renovation: The property is a brand new remodeled 4-plex, with all units featuring new hardwood floors, central air & heat, stainless steel kitchen appliances, modern windows, modern bathroom fixtures, and in-unit washer/dryers.
Low Maintenance: Beneficial to the new owner, the roof and plumbing are also new, significantly reducing immediate and future maintenance concerns.
Owner/User Opportunity: One of the 3-bedroom, 2-bathroom units will be delivered vacant, providing an ideal situation for an owner-occupant or the opportunity to select a new tenant at market rates.
Value-Add Potential: There is an opportunity to add an Accessory Dwelling Unit (ADU) for additional income, enhancing the property's cash flow and overall value.
Strategic Location: Conveniently located in the Mid-Wilshire pocket, offering easy access to Mid-Wilshire, Culver City, and Downtown LA, appealing to a broad tenant base.

Cons

Historic Building Age: Despite extensive renovations, the property's original construction year of 1926 could present unforeseen structural or historical preservation challenges not covered by recent upgrades.
Recent Price Reduction: The property has seen a $100,000 price reduction from its original list price, which may indicate market resistance or an initial overvaluation.
Limited Income Transparency: While one unit is vacant, the current rental income and lease terms for the other three occupied units are not explicitly provided, making it difficult to fully assess the current cash flow and investment return without further due diligence.

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